On average, middle-aged people tend to have higher incomes than younger or older people do because:
a. they receive more money from the government than younger or older people do.
b. they are at an age where their productivity is at its peak
c. they participate in the labor force to a lesser extent than do the young or the old.
d. they are subject to lower rates of taxation than are younger or older workers.
b
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If the demand curve for bikes shifts leftward and the supply curve for bikes shifts rightward, the equilibrium
A) price of bikes definitely increases. B) price of bikes definitely decreases. C) quantity of bikes definitely increases. D) quantity of bikes definitely decreases.
Lindahl pricing is not necessary for economic efficiency
a. True b. False
In recent years in China, the fraction of the population living below the international poverty line ($1.25 per person per day):
A. fell substantially. B. fell to zero. C. increased more on average compare to other developing countries. D. increased dramatically.
The defensive and offensive actions of the Fed differ because offensive actions are designed to:
A. change the current monetary policy while defensive actions are designed to reinforce the current monetary policy. B. reinforce the current monetary policy while defensive actions are designed to change the current monetary policy. C. tighten monetary policy and defensive actions are designed to ease monetary policy. D. ease monetary policy and defensive actions are designed to tighten monetary policy.